Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Building currently grosses $5,100/ monthly (Main Floor Unit: $1,800 + hydro, Upper Unit: $1,900 + hydro, Lower Unit: $1,400 all inclusive), which gives the ability to cash flow at ~$700/ monthly/ 5.44% cap rate with 20% down at a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional private patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT. (id:4069)
Address
27 GROVE Street
List Price
$849,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Hamilton
Bedrooms
3
Bathrooms
3
Floor Area
1,482 Sq. Ft.
MLS® Number
40683399
Listing Brokerage
Revel Realty Inc.
Basement Area
Full (Finished)
Postal Code
L8N1P4
Zoning
R1a
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools
Features
Paved driveway
